Business process solutions firm Conduent Q2 revenue slips

• Conduent sees FY 2026 revenue between $2.15 bln and $2.25 bln
• Company expects FY 2026 adj EBITDA from continuing operations of $140 mln to $170 mln
• Conduent says it remains focused on cost savings and portfolio simplification to improve performance

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
• The average consensus recommendation for the IT services & consulting peer group is "buy"
• Wall Street's median 12-month price target for Conduent Incorporated is $5.00, about 194.1% above its August 7 closing price of $1.70

• US business process solutions provider's Q2 revenue fell 12% yr/yr to $531 mln
• Adjusted EBITDA margin declined to 3.0% from 3.8% on lower Government segment profitability
• Company to divest Transit and Tolling businesses for $234 mln to focus on core operations

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